There is a nice looking pinbar on the euro pound 4h chart... but i'm not sure about trading it since that would be trading right into the 7950 previous resistance area.
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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedThere is a nice looking pinbar on the euro pound 4h chart... but i'm not sure about trading it since that would be trading right into the 7950 previous resistance area.Ignored
DislikedHello to all James 16.
I am familiar with most aspects of this trading method and I like it a lot.
I know I'll probably get shot and told to read the whole thread, but it's huge!
I have searched the thread but am finding it difficult to get a concise answer to my question.
Basically it is this.
Price Pivots are key to this technique. Is there a recognised method for drawing them that everyone uses or is it down to the individual.
Are they drawn using close/open or high/low of bars/candles?
Could some one please explain, or at least point me in the right direction of a relevent post.
Thanks in advance.
Paul.Ignored
DislikedHello to all James 16.
Price Pivots are key to this technique. Is there a recognised method for drawing them that everyone uses or is it down to the individual.
Are they drawn using close/open or high/low of bars/candles?
Could some one please explain, or at least point me in the right direction of a relevent post.
Paul.Ignored
DislikedWhat about the daily pin on AUD/JPY yesterday? It broke long today so I'm in. Any thoughts?Ignored
DislikedThis is where you must create a plan.
reason: Look at the weekly. There is a pin @ swing high. the opposite to the daily.
cheers JeffIgnored
DislikedThis is where you must create a plan.
reason: Look at the weekly. There is a pin @ swing high. the opposite to the daily.
So now how do you play the conflicting signals. Mike will say if you are going to take both then take each as a separate trade. each with its own management.
Weekly: if you took that from sunday then realy you shouldn't even be looking at it just yet. leave it alone. the weeks not done yet.
Daily: If you trade it like james. then you have taken some profit & moved stops to be as it has hit the first lgical area of s/r 102.45.
This is part of growing as a trader. Try different approaches (demo of course) to find what you like & are comfortable with.
When you have an established trade plan these decisions become easier. Its just if it fits what you do or not. Some will take both. some wont take any. & everything in between.
This can be fun. as you learn something new or another light bulb comes on you get a boost from it cause you realise you are 1 more step closer to "getting it". It will give you more confidence as you start to find your own style.
cheers JeffIgnored
DislikedYes a plan is good! I knew that it wouldn't be a huge number of pips bc of that weekly pin but figured it was good for a few. I'm still demoing and practicing trading these pins until I get it right! I appreciate your comments bc when I get some feedback I seem to learn so much more on the trade. Helps me to think it out more. 102.45 though??? Man I don't see much s/r there. How about 102.75? That's where I had set my TP at a least. I'll check again at the end of the day and see where its at and adjust if need be.Ignored
Dislikedhey guyz i am on vacation and i am w0ndering how the eurjpy weekly pin and the usdchf daily pin few days back play 0ut
If anyone to0k those trades can u update me on them
And if someone saw them and filtered them 0ut please write why u didnt take them?Ignored
Dislikedhey guyz i am on vacation and i am w0ndering how the eurjpy weekly pin and the usdchf daily pin few days back play 0ut
If anyone to0k those trades can u update me on them
..Ignored
Dislikedi thought i would start a new thread to post charts. my question is this and i am sure merlin can let me know the answer. i am not sure if i want to do this yet but how many of you would like me to actually post potential trades. the thing to remember is that two people can take an identical entry and one will lose and the other will win. the variables to trading are endless. anyway what does everyone think. jimIgnored
DislikedMy first post on this great thread. I have a booklet compiled of most of the charts posted here. However, I haven't found an answer to this question please forgive me if I have missed the answer in this thread. I am trying to figure out if this pin has failed. There are three inside bars since. Should I cancel my long from the tip of the nose as of now? Thanks for any commentary.Ignored